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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~8.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.00%
7d Period Avg+10.54%
swing±10.67%
LONG Ondo · nowXAG-USD.P
+5.52%
7d avg:+3.03%
SHORT Lighter · now
+10.52%
7d avg:+13.57%
Entry Spread Now
+0.110%
In your favorL ask 63.7700 · S bid 63.8402+$11.01 at entry
24h range +0.04%…+0.15% · median +0.11%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$7.96
+0.08%
$Avg Daily PnL
+$2.89
+0.0289%
★Best Day
+$5.41
Sep 23
◎Open Interest
Ondo$5.10M
Lighter$4.99M⚡Funding APR
+10.54%
annualized · funding only
⚠Execution Cost
−$12.25
entry + exit fees
⏱Payback
4.2d
to break even
◧24h Volume
Ondo$567.8KLighter$6.20MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$12.25 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.